The period of George Jerenashvili headed the Parliamentary Budget Office (PBO) was substantial for the budget office for forming as an independent fiscal institution. Many important reforms were implemented and significant steps were undertaken towards improvement the legislative environment underpinning the work of the PBO and approximation with a better international practice. In particular, Strategic Development Plan of the PBO for 2015-2018 is developed, that reflects the major strategic directions, gradual implementation of which will ensure the establishment of the PBO as an independent fiscal institution in the current fiscal architecture. Format of monthly reporting on the performance of the state budget has been developed within the referred task and monthly reports have been generated on the execution of state budget. Activities have been carried out for preparation of independent mid-term fiscal forecasting by the PBO, which will ensure to practically implementation of the main goal of the PBO – to promote fiscal sustainability. Methodological explanations have been prepared about the actual issues related to fiscal policy and macroeconomic environment. Primary internal policy has been drawn out to improve the financial assessment mechanism of legislative initiatives. Significant steps have been undertaken towards increasing the awareness of the PBO as an independent, objective and highly qualified body through strengthening communication with internal and external stakeholders. In particular, an independent web-page was developed, herewith, Georgian delegation participated in the annual meeting of the OECD Parliamentary budget offices and independent fiscal institutions group. Also, the communication was established with the global groups of Parliamentary budget offices through the World Bank parliamentary strengthening program.
The Parliamentary Budget Office wishes success to Giorgi Jerenashvili in future activities and is ready to continue the reform process that will ensure the PBO to establish as an independent fiscal institution substantially approximated with international practice.
The duties of the head of Parliamentary Budget Office will be performed by Tatia Khetaguri – the head of The Budget Analysis Unit.